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Budget News

  • Budget 2016: Verdict on if it was historic will come in 10-15 yrs, says Sinha

    Budget 2016: Verdict on if it was historic will come in 10-15 yrs, says Sinha   

    The whole approach to public investment by building it up and supplementing it with off Budgetary resources is going to be viewed in history as something remarkable, said Minister of Finance (State) Jayant Sinha

    20 Jun 2016, 7.54 am  |  Source: CNBC-TV18

  • India`s fiscal prudence positive for bonds, says RBI Deputy

    India's fiscal prudence positive for bonds, says RBI Deputy  

    The Reserve Bank of India Deputy Governor HR Khan on Tuesday declined to comment on whether the Budget unveiled by Finance Minister Arun Jaitley on Monday would impact the RBI's monetary policy stance.

    20 Jun 2016, 7.54 am  |  Source: Reuters

  • Jewellers to go on 3-day pan-India strike from today

    Jewellers to go on 3-day pan-India strike from today  

    G V Sreedhar said gems and jewellery industry is disappointed with the government's apathy towards the sector with the proposal of re-imposition of 1 percent Excise Duty in the Budget 2016-17, presented on Monday by Finance Minist...

    20 Jun 2016, 7.54 am  |  Source: PTI

  • Govt considering partial rollback demands on proposed EPF tax

    Govt considering partial rollback demands on proposed EPF tax  

    A day after the 2016-17 Budget proposed taxing 60 percent of the withdrawal from Employee Provident Fund (EPF) on contributions to be made after April 1, the government was hard pressed to explain that the move was aimed at high-s...

    20 Jun 2016, 7.54 am  |  Source: PTI

  • MFs say lower deficit target will bring down cost of funds

    MFs say lower deficit target will bring down cost of funds  

    "The Budget signals a commitment to macroeconomic stability. This will also open up space for monetary easing in the near future which is positive for the market. Various measures for resolution of tax disputes will pave way for l...

    20 Jun 2016, 7.54 am  |  Source: PTI

  • Govt may get Rs 50,000cr in next spectrum auction: Credit Suisse

    Govt may get Rs 50,000cr in next spectrum auction: Credit Suisse  

    Union Budget 2016-17 has more than doubled receipt provision from communication services to Rs 98,994.93 crore.

    20 Jun 2016, 7.54 am  |  Source: PTI

  • Budget 2016 can help India grow at 8%: Shaktikanta Das

    Budget 2016 can help India grow at 8%: Shaktikanta Das   

    Talking about the Krishi Kalyan Cess, which loosely put means an increase in service tax, Economics Affairs secretary Shaktikanta Das says it was done because the government needed more resources to spend on infrastructure

    20 Jun 2016, 7.54 am  |  Source: CNBC-TV18

  • 2nd part of budget session to begin on Apr 25

    2nd part of budget session to begin on Apr 25  

    On the crucial GST bill that is pending in the Rajya Sabha, Naidu admitted that BJP did not have a majority in the House but expressed confidence of getting support from opposition, including the Congress on the passage of the cru...

    05 Apr 2016, 10.10 pm  |  Source: PTI

  • 5-fold hike in govt Budget for funding start-ups

    5-fold hike in govt Budget for funding start-ups  

    According to Ashutosh Sharma, Secretary, Department of Science and Technology (DST), in the 2016-17 financial year, it will provide seed capital to 50-80 new ventures with funding ranging from Rs 50 lakh to Rs 1 crore per company.

    17 Mar 2016, 3.38 pm  |  Source: PTI

  • Goa Budget will help in resumption of mining, feels industry

    Goa Budget will help in resumption of mining, feels industry  

    "Various fees and cess related to mining have been reduced considerably. This reduction, coupled with Export duty exemption (on ore) announced by the Central government will help in resuming mining activity in the state," Goa Cham...

    17 Mar 2016, 10.25 am  |  Source: PTI

  • Jewellers protest excise duty, shops shut for 15th day

    Jewellers protest excise duty, shops shut for 15th day  

    Striking associations in different parts of the country have decided to hold a protest rally in Ramlila Maidan here tomorrow against the proposal, said All India Sarafa Association Vice-President, Surinder Kumar Jain.

    16 Mar 2016, 4.55 pm  |  Source: PTI

  • Oppn slams Budget, says it presents `half-baked truth`

    Oppn slams Budget, says it presents 'half-baked truth'  

    Participating in a debate on the Budget 2016-17, Tariq Anwar (NCP) targeted Prime Minister Narendra Modi for giving full marks to it, saying he was acting as an examinee as well as examiner himself.

    14 Mar 2016, 5.12 pm  |  Source: PTI

  • FinMin, RBI to meet on March 18 to decide FY17 borrowing

    FinMin, RBI to meet on March 18 to decide FY17 borrowing  

    In the Budget, the government has pegged gross market borrowing at Rs 6 lakh crore, up from Rs 5.8 lakh crore in the ongoing fiscal. Gross borrowing includes repayments of past loans and interests.

    11 Mar 2016, 2.52 pm  |  Source: PTI

  • Budget tries to satisfy interest of Modi, Moody`s: Tharoor

    Budget tries to satisfy interest of Modi, Moody's: Tharoor  

    The government has been meeting its fiscal deficit targets on the back of the aam aadmi instead of boosting the real incomes of the poor by cutting indirect taxes, Tharoor said.

    11 Mar 2016, 11.12 am  |  Source: PTI

  • Govt to set up panel to review fiscal deficit target soon

    Govt to set up panel to review fiscal deficit target soon  

    In his Budget speech last month, Finance Minister Arun Jaitley had said there is now a school of thought which believes that instead of fixed numbers as fiscal deficit targets, it may be better to have a fiscal deficit range as th...

    10 Mar 2016, 11.39 am  |  Source: PTI

  • BJP asks MPs to take Budget to the people

    BJP asks MPs to take Budget to the people  

    At a meeting of the BJP parliamentary party, where Prime Minister Narendra Modi was present, party chief Amit Shah told MPs that the they should take "Budget to the people" by highlighting the schemes and ensure that the benefits ...

    09 Mar 2016, 5.37 pm  |  Source: PTI

  • Jewellery exporters seek excise duty rollback

    Jewellery exporters seek excise duty rollback  

    Members of over 358 associations related to jewellery trade and related businesses are on strike since March 2 to demand withdrawal of the proposed 1 percent excise duty announced in the Union Budget.

    09 Mar 2016, 8.21 am  |  Source: PTI

  • FM rolls back Budget proposal to tax EPF

    FM rolls back Budget proposal to tax EPF   

    Finance Minister Arun Jaitley today said the government will roll back its Budget proposal that sought to levy tax on withdrawal of funds from Employee Provident Fund (EPF).

    08 Mar 2016, 9.58 pm  |  Source: PTI

  • Tax on EPF withdrawal rolled back after I pressured govt: Rahul

    Tax on EPF withdrawal rolled back after I pressured govt: Rahul  

    Rahul Gandhi had urged Prime Minister Narendra Modi to roll back the proposal for taxing EPF withdrawals to instil confidence among employees.

    08 Mar 2016, 9.25 pm  |  Source: IBNLive.com

  • FM Jaitley may announce relief on EPF tax proposal

    FM Jaitley may announce relief on EPF tax proposal  

    The Finance Minister is expected to speak on EPF tax proposal in the Lok Sabha after 12 noon. Modi had reportedly asked Jaitley to reconsider the Budgetary proposal under which a part of the EPF withdrawal will be taxed, according...

    08 Mar 2016, 4.26 pm  |  Source: IBNLive.com

  • Union Budget 2016-17: Govt commitment to modernise agri mkt a welcome move

    Union Budget 2016-17: Govt commitment to modernise agri mkt a welcome move  

    An all-time high agricultural credit of Rs. 9 lakh crore as well as provision of Rs. 15000 crore towards interest subvention to reduce burden of loan repayment is a very important announcement.

    08 Mar 2016, 3.28 pm  |  Source: Moneycontrol.com

  • EPF tax withdrawal big victory for 2.5 lakh people: Change.org

    EPF tax withdrawal big victory for 2.5 lakh people: Change.org  

    The petition, which was started by a finance professional from Gurgaon, Vaibhav Aggarwal, had got the support of over 2.5 lakh people who sought urgent and immediate withdrawal of EPF tax that was announced in the Budget.

    08 Mar 2016, 3.17 pm  |  Source: PTI

  • `EPF rollback, a victory for common people`: Mamata Banerjee

    'EPF rollback, a victory for common people': Mamata Banerjee  

    Mamata Banerjee statement came soon after union Finance Minister Arun Jaitley withdrew his Budget proposal to tax employees' provident fund (EPF) at withdrawal.

    08 Mar 2016, 2.31 pm  |  Source: PTI

  • Jewellers strike against excise duty enters 7th day

    Jewellers strike against excise duty enters 7th day  

    All India Sarafa Association Vice-President Surinder Kumar Jain said the strike will go on for an indefinite period until the government rolls back the proposal.

    08 Mar 2016, 2.18 pm  |  Source: PTI

  • Direct benefit transfer for fertilisers a welcome step: RCF

    Direct benefit transfer for fertilisers a welcome step: RCF   

    In an interview with CNBC-TV18, RG Rajan, CMD of RCF said that the direct benefit transfer for fertilisers announced in the Budget is a 'welcome step'.

    08 Mar 2016, 12.31 pm  |  Source: CNBC-TV18

  • Industry hails proposal for tax benefit on NPS scheme

    Industry hails proposal for tax benefit on NPS scheme  

    So, while the government's decision to tax 40 percent withdrawal under PF comes as a taxing step for EPFO, it has come as a bonanza for the pension fund industry as it hopes that the move will help increase investment coming under...

    08 Mar 2016, 9.02 am  |  Source: PTI

  • Jewellers extend strike for indefinite period

    Jewellers extend strike for indefinite period  

    Jewellers have been on a strike since March 2, protesting against the proposed excise duty imposition on non-silver jewellery items made in the Budget 2016-17 as well mandatory quoting of PAN by customers for transaction of Rs 2 l...

    08 Mar 2016, 8.31 am  |  Source: PTI

  • Sensex zooms post Budget, gains nearly 1500 points

    Sensex zooms post Budget, gains nearly 1500 points  

    Despite initial scare on proposal like tax on higher dividend distribution, the much awaited Budget saw bulls prevailing upon the bears as investors digested Finance Minister's resolve for fiscal prudence and keep deficit at 3.5 p...

    05 Mar 2016, 3.17 pm  |  Source: PTI

  • Budget bring positive announcements for house buyers: Credai

    Budget bring positive announcements for house buyers: Credai  

    The Credai members also thanked the Urban Development Minister Venkaiah Naidu for his stewardship of real estate sector and suggested that affordable housing should be defined as units up to 60 square meters in metros and 90 squar...

    05 Mar 2016, 1.48 pm  |  Source: PTI

  • Jewellers extend pan-India strike till March 7

    Jewellers extend pan-India strike till March 7  

    GJF along with All India Jewellery Associations has decided to extend the strike till March 7. Jewellers went on strike for three days from March 2.

    04 Mar 2016, 9.58 pm  |  Source: PTI

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